In recent years, marijuana has boomed into a multi-billion dollar industry.
By 2027, it’s estimated that this industry’s value will be up to $73.6 billion. That’s a whole lot of cannabis!
With a budding industry continuing to rise, it poses the question, what is the future of cannabis? From sleek brick and mortar stores to more and more individuals consuming cannabis in various ways, we will dive into what the future holds for cannabis.
Want to learn more? From the industry, users, and more, keep on reading.
Societal Shifts in the Pot Industry
Let’s face it; marijuana is a polarizing plant.
Whether you’re pro-marijuana or against it, there are many misconceptions about marijuana users, the effects of marijuana, and more.
However, that is about to change. At the time of writing this article, 12 states in the US have legalized marijuana. In other states, some have legalized medical marijuana while decriminalizing, and others have just legalized medical marijuana.
Only eight of fifty states have marijuana fully illegal, which means that they are in the minority. The issue of marijuana also blurs American political ideology lines, with two-thirds of Americans supporting the legalization of marijuana.
So, what’s the future of the social shift? In some cases, many individuals believe that by 2022 cannabis will be fully legalized across all fifty states. That’s a huge win for business and consumers. Reading reliable sites like https://www.theextract.co.uk/ for more information about cannabis and its usage can give you better idea.
The Future of Cannabis Consumers
With the stigma slowly decreasing, more and more individuals are using cannabis. This ranges in age, demographic, and gender.
Between the craze behind the use of CBD, which is legal across all fifty states (as long as it has less than 0.3% THC), and the researched health benefits of marijuana, more and more people turn to cannabis alternative to prescription medication.
In individuals suffering from anxiety, pain, and depression, some have found relief using cannabis, without the harmful side effects of other medications. Of course, this is always a case by case basis, and it’s imperative to speak with your doctor if you want to use cannabis in medicinal ways.
However, with new research emerging suggesting certain health benefits, this can open up the marijuana market as a wellness vehicle.
Methods of Using Marijuana
Between the societal shifts and various cannabis consumers, there is now more marijuana news to suggest that there will be more ways than ever to consume cannabis.
From using quartz bangers to vape pens and edibles, there continues to be an evolution and choice in how you want to consume marijuana. With this choice, there will be a rise in competition for quality and ease of use, which is good for the consumer, as they know that they are getting the best quality cannabis possible.
For cannabis businesses, if marijuana becomes illegal across the board, this will allow for new markets and ingenuity in how individuals can use marijuana.
See the Future Through Green-Colored Glasses
With the societal shifts, new consumers, and the possibility of new markets and methods, the future of cannabis looks like an exciting one, filled with new opportunities and research to evolve.
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